It’s being called the Retail Apocalypse by analysts as 2017 sees massive spikes in retail bankruptcies. Some are saying that the retail bubble has burst, and the fallout is happening now. Retailers across the country, including big name brands such as Payless, Gymboree, and Bebe, are shuttering locations, filing for bankruptcy protection, reorganizing, or liquidating.
Read More »This may be my last Fitty blog post. You see, rapper Curtis Jackson – known as 50 Cent – has exited bankruptcy with his death discharged. Thus ends a long strange trip that began with Curtis Jackson on the losing end of a lawsuit that he lost to Lastonia Leviston after being found liable for damages of $7 million in a sex tape case.
Read More »Retail is taking a beating. Over the past three years bankruptcies have accelerated, from mall staples to anchor stores. While others simply continue to close more stores and hope for the best in their online sales.
Read More »It’s argued that this allows companies to place the restructuring burden on their employees, escape pension obligations, and duck out of negotiated wages and benefits – and it does. A&P, various airlines, Donald Trump’s casinos, and even the Chicago Public School System are all staring down the barrel of the same situation
Read More »Aeropostale followed more mall stalwarts of the 90’s and 00’s into bankruptcy court, seeking a reorganization. Such once must-have brands such as Wet Seal, Delia’s, American Apparel, and Pacific Sunwear have sought reorganizations as teen shoppers forsake the mall experience for online shopping, fast fashion along the lines of H&M, and hunt for deals to stretch their clothing dollars farther
Read More »Reality show producer Core Media is facing some reality of its own. The company behind American Idol, So You Think You Can Dance, Man v. Food, and other offerings seems to be feeling the chill now that American Idol is taking its final bow after 15 seasons.
Read More »Filing for bankruptcy is a complex legal procedure, and using an experienced bankruptcy attorney is your best bet for a speedy and successful resolution.
Read More »You’re not required to have one, but you do need some experienced advice. A qualified attorney can advise you on whether you need to file for bankruptcy, and if you do which filing would be beneficial.
Read More »That’s just the tip of the iceberg when it comes to filing for a Chapter 11 bankruptcy, and this is not a DIY job. If you want to come out of bankruptcy and get back to normal, you need someone on your side who’s navigated these types of cases before.
Read More »Your company’s reputation is the lifeblood of your business, meaning you can’t afford to let it be tarnished by someone with a chip on their shoulder. If more than 48 hours pass without a response from the fraudulent reviewer or more false negative reviews start coming in, contact a lawyer as soon as possible.
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